Canada Fruits and Vegetables Market Growth 2023, Share, Industry Demand, Size, CAGR Status, Revenue, Opportunities and Future Outlook 2033: SPER Market Research
Canada Fruits and Vegetables Market Growth 2023, Share, Industry Demand, Size, CAGR Status, Revenue, Opportunities and Future Outlook 2033: SPER Market Research
The Canada Fruits and Vegetables Market is thoroughly examined in the study, along with its size and trends, product mix, routes of distribution, and supplier analysis. The industry that produces, sells, and distributes fresh fruits and vegetables is referred to as the fruits and vegetables market. It encompasses a broad range of tasks like planting, harvesting, packing, shipping, and selling fresh food. It plays a significant role in agriculture and boosts the economies of numerous nations.
According to SPER market research, ‘Canada Fruits and Vegetables Market Size- By Product Type, By Application, By Farming Type – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Canada Fruits and Vegetables Market is predicted to reach USD 18.09 billion by 2033 with a CAGR of 3.23%.
The Canadian fruit and vegetable industry is growing for a number of reasons. The first factor driving demand is growing awareness of the benefits of eating fresh veggies for health. Among the adjustments Canadians are making include healthier lifestyles, balanced diets, and serving more fruits and vegetables at meals. Additionally, it is clear that consumers support local farmers and appreciate sustainable agricultural practices by choosing organic and locally farmed fruit. The government sponsors programs that assist farmers and promote agricultural sustainability, as well as research and development initiatives, in an effort to help them and foster innovation in the sector.
Opportunities are created by a variety of factors in Canada’s fruit and vegetable business. Canada’s need for fruits and vegetables is fueled by the expansion of the foodservice sector, which is encouraged by policies and opportunities for international commerce. Growers and suppliers have prospects in the foodservice industry, which includes restaurants and catering services. Agricultural sustainability and innovation are facilitated by government support through financing programs, research investments, and initiatives. Engaging in international trade agreements facilitates Canada’s access to worldwide markets, so augmenting export demand and bolstering the domestic market for fruits and vegetables.
Impact of COVID-19 on Canada Fruits and Vegetables Market
There were differing impacts of the COVID-19 pandemic on Canada’s fruit and vegetable sector. The growing awareness of health and nutrition among people increased consumer demand for fresh food. However, restrictions and reduced transportation capacity resulted in supply chain disruptions that complicated distribution, packing, and harvesting and caused temporary shortages and price fluctuations. Furthermore, the closure of eateries and other foodservice establishments resulted in a noticeable shift in the purchasing behaviors of customers. There has been a surge in the purchase of fruits and vegetables for home cooking, both online and at grocery stores. Local food systems and farmer support are also crucial, and the pandemic has highlighted their significance.
Canada Fruits and Vegetables Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Gambles Ontario Produce Inc., Loblaw Companies Limited, Metro Inc., The Produce People Ltd., Veg-Pak Produce Ltd., VegPro International Inc., Walmart Canada Corp, The Grocery People Ltd., Okanagan Specialty Fruits Inc., Costco Wholesale Canada Ltd., EarthFresh Farms, FreshPoint Canada (Sysco Corporation), Others.
Canada Fruits and Vegetables Market Segmentation:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.
By Product Type: Based on the Product Type, Canada Fruits and Vegetables Market is segmented as; Fruits and Vegetables.
By Application: Based on the Application, Canada Fruits and Vegetables Market is segmented as; Commercial and Household.
By Farming Type: Based on the Farming Type, Canada Fruits and Vegetables Market is segmented as; Inorganic and Organic.
By Region: This report also provides the data for key regional segments of Atlantic Canada, British Columbia, Northern Canada, Ontario, Prairies and rest of Canada.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
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